High Net Divorce
A high net worth individual is defined as a natural person who has an individual net worth, or joint net worth with their spouse, that exceeds $1 million. For those who meet this financial criterion, their divorce proceedings would be considered a high net worth divorce. However, the term itself does not have any statutory or judicial meaning within the context of family law and is used informally regarding divorces involving wealthier individuals.
First, you should identify non-marital assets.
These are generally classified as assets acquired before the marriage, and assets that were received as gifts or inherited by the individual. These are considered to be separate from the marital estate. Next, you will need to identify all the assets and liabilities that constitute the marital estate, as these will form the basis for all future proceedings for the distribution of the marital estate. Once you have gathered all the relevant financial information, you will need to consult a qualified attorney who can review your information and provide the necessary expertise to develop your legal strategy.
Contact our law offices for more information regarding high net divorces today. We are currently accepting appointments at our locations in Cary, NC, Greenville, NC, and Emerald Isle, NC.